NZ's Warehouse Group jumps to 4-month high on upbeat HY profit, dividend payout

Warehouse

24/03/2021 22:16

** Shares of Warehouse Group  WHS.NZ  jump as much as 5.75%
to NZ$3.86, their highest level since Nov. 21, 2013
    ** The apparel retailer posts a half-year adjusted net
profit after tax of NZ$111 mln ($77.30 mln), up 140.2%
 urn:newsml:reuters.com:*:nNZW6hphf
    ** Says sales for HY are up 7.4% to NZ$1808.3 mln and
declares an interim dividend of 13 cents per share
    ** WHS adds that due to continued uncertainty in trading
environment, it will not provide guidance
    ** About 124,000 shares change hands, compared with the
30-day average volume of 95,000 shares
    ** Stock has risen 34.8% this year, as of last close
 ($1 = 1.4360 New Zealand dollars)

 (Reporting by Savyata Mishra in Bengaluru
Editing by Matthew Lewis)
 ((Savyata.mishra@thomsonreuters.com))